Shiba Inu, the meme-based cryptocurrency that’s this year emerged as a challenger to Tesla
TSLA
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The shiba inu price, after rocketing into the crypto ten last month and battling with dogecoin for memecoin dominance, is up 30% over the last 24 hours. Dogecoin itself is up more than 6%.
The shiba inu rally comes after major U.S. cryptocurrency exchange Kraken confirmed it would add support for the memecoin, following through with a promise made at the beginning of November.
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Shiba inu, branded the “dogecoin killer,” has seen its price rocket through 2021 as it battles … [+]
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“We’re thrilled to announce that Kraken now supports shiba inu,” Kraken posted to its blog. “Funding is live, and we anticipate trading will begin … November 30—at which point Kraken will enable order entry and execution.”
The required shiba inu deposit is 373,000 shib and there will be a trading minimum of 50,000 shib, the exchange said. Shib margin and futures trading will not be available.
At the beginning of November, Kraken posted to Twitter that its crypto platform product lead “Brian Hoffman said if we get 2,000 likes we will list shiba inu tomorrow—but he doesn’t think we can do it.”
The post has racked up over 80,000 “likes” but the exchange said in a follow-up tweet there’s still “more work” for it to do before it can add shiba inu support.
“We’ve heard you loud and clear,” Kraken said via…
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